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: Calculated Risk

Fed Chairman Bernanke and FDIC Chair Bair on CNBC

By Anonymous

Panel discussion on CNBC (link here)

Update: Economy to Grow 3-4% in 2011 But Hiring Still Lags: Bernanke

"We see the economy strengthening," Bernanke said during Small Business forum co-sponsored by the FDIC and CNBC. "It has looked better in the last few months. We think a 3 to 4 percent-type of growth number for 2011 seems reasonable."

"Now that's not going to reduce unemployment at the pace we'd like it to, but certainly it would be good to see the economy growing and that means more sales, more business," he added.

The Fed chairman also said the housing recovery is "a slow process."

Full post as published by Calculated Risk on January 13, 2011 (boomark / email).